MRK Property Management to Continue Work With NHA
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Description
HUD approved the transfer of Alder Creek’s ownership interest to MRK, which will operate through MRK Property Management, LLC and continue working with the Newark Housing Authority on property management services. The approval maintains existing option and right of first refusal terms between MRK and NHA, with no new project debt disclosed.
Contract Details
Vendor
MRK PROPERTY MANAGEMENT LLC
Agency
Newark Housing Authority, DE
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 11, 2026
Renewal Info
HUD approval affirms that the existing Option and Right of First Refusal Agreement between MRK and NHA remains in effect and conditions approval on MRK not impeding NHA’s rights under that agreement.
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